Mechanical, Electrical & Plumbing Contractor For Sale in California
Posted by Kelli Matonak on Wed, Jul 14, 2010 @ 03:15 PM
Company Highlights
- FY 2010 revenue is projected to be $35.65 million; EBITDA is expected to reach $2.0 million.
- A large bonding capacity ($44 million; $17 million per project) enables the company to bid on projects that are unmanageable for most small contractors.
- Approximately 75 to 80 percent of work done in-house; highly skilled workforce of 257 employees includes nearly 200 loyal union workers
- Considered a preferred contractor for several large customers, about 25 percent of the company’s projects are completed on a design-build basis; approximately 15 percent are bid via request for proposal; the remaining 60 percent of the company’s work is acquired via public bid
- Centrally located within the state of California, the company has easy access to multiple geographic markets.
- The shareholders seek to sell the business as part of a planned exit strategy. They are available to remain in operating roles under new ownership for an extended period.
- Backlog of signed contracts equals $27 million.
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